hw help 10 and 11

Assume that net cike ame decvasing, and that the comparyhe gross profit rate is also decteasina. Or thie followine, the mest logical conelirsion is thet: Choice A and C are trum Demand tor the coituanys products is very atrong. The comparty's coit of punchasing merchandise is rising raphdly. Operatiog experises are falking: Demand tor the company's products is very strong. Question 11 Component percentages (aka Common Size) indicate the relative size of each item included in a total. Which of the following staternents is true? Bath income statement and balance sheet items are expressed as a percentage of net assets Income statement items are expressed as a percentage of net income, while balance sheet items are expressed as a percentage of total asset Income statement ifems are expressed as a percentage of net income, while balance sheet items are expressed as a percentige of net asset Income statement items are expressed as a percentage of net sales, whife balance shect items are expressed as a percentage of total assets